https://www.taxtmi.com/caselaws?id=267174 The Tribunal upheld the imposition of penalties equal to the duty amount under Section 11AC of the Central Excise Act, 1944, on two Ceramic Tiles manufacturers for undervaluation of goods. The penalties were enhanced to match the duty amount, following Supreme Court precedent that prohibits discretion in reducing penalties under Section 11AC. The requirement to impose separate penalties under Rule 173Q of the Central Excise Rules, 1944, was deemed unnecessary. The manufacturers were directed to pay penalties equal to 25% of the duty, along with the entire duty and interest within 30 days. The Revenue's appeals were allowed, while the assessee's appeal was dismissed upon withdrawal. en-us Wed, 23 Sep 2015 00:00:00 +0530 Sat, 31 Oct 2015 09:43:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=267174 The Tribunal upheld the imposition of penalties equal to the duty amount under Section 11AC of the Central Excise Act, 1944, on two Ceramic Tiles manufacturers for undervaluation of goods. The penalties were enhanced to match the duty amount, following Supreme Court precedent that prohibits discretion in reducing penalties under Section 11AC. The requirement to impose separate penalties under Rule 173Q of the Central Excise Rules, 1944, was deemed unnecessary. The manufacturers were directed to pay penalties equal to 25% of the duty, along with the entire duty and interest within 30 days. The Revenue's appeals were allowed, while the assessee's appeal was dismissed upon withdrawal. Case-Laws Central Excise Wed, 23 Sep 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=267174